Indonesia Customs Data - The best way to know Import and Export in Indonesia

Indonesia is a large archipelago with more than 17,500 islands. The country is one of the largest economies in South –East Asia. Known as the newly industrialized country, Indonesia, a member of G-20 has the largest economy in terms of purchasing power parity.

The country is blessed with many natural resources like crude oil, tin, coal, copper and gold. The Global Import Export Data shows that the foreign trade accounts for 43% of its GDP. In 2021, the total imports from Indonesia were USD 196,190 million. The total value of exports in the same year was USD 248 billion, making it the 27th exporter in the world.

Indonesia Import Data that is collected from the custom department contains following information that includes

1. Product information- Product description and the HS code

2. Shipment quantity and unit

3. Value of the consignment 

4. Name and contact details of the importer

5. Name and contact details of the exporter

6. Country of origin

7. Origin port

8. Destination port

9. Date of dispatch

Indonesia’s Custom Data is very important tool for importers and exporters of the country to formulate their business strategies and make informed business decisions. Here is how the data is helpful to traders of Indonesia-

1. Importers and exporters can analyze trade scenario of the country and get clear inputs about consumer tastes and preferences.

2. With the help of authentic, real-time and accurate import export data of Indonesia, exporters can find new emerging markets while the importers can find alternative places to source their materials.

3. The real-time information can be used by the exporters to fix competitive pricing of their products. And importers can use the information for negotiation.

4. The authentic Indonesia Shipment Data can provide excellent first point of contact between the potential buyers and sellers. Manufacturers use the database to procure raw materials at the best price.

5. The data is useful for other parties including logistics companies and bankers to look for new clients.

6. Government agencies analyze the Indonesia Import Export Data, to formulate fiscal, foreign and industrial policies. International agencies use the data to rate the growth prospects of the country.

All about Indonesia Exports

As per Indonesia Export Data, the country exported a total of USD 248 billion in 2021, making it the 27th exporter in the world. The country exported 3912 products from 214 export partners.

The main products exported by Indonesia in 2021 are

1. Palm oil and its fractions (11.5% exports)

2. Coal, ovoids, briquettes and similar solid fuels manufactured from coal (11.4%% exports)

3. Petroleum gases and other gaseous hydrocarbons ( 3.23% exports)

4. Ferro alloys (3.07% exports)

5. Flat rolled products of stainless steel (2.84% exports)

6. Copper ores and concentrates (2.32% exports)

7. Industrial fatty alcohols  (2.28% exports)

8. Lignite ( 2.14% exports)

9. Natural rubber, balata, chicle and similar natural gums (1.73% exports)

10. Stainless steel in ingots or other primary forms (1.6% exports)

The Top exporting partners of Indonesia in 2021 are

1. China with a share of 23% exports

2. USA with a share of 11.1% exports

3. Japan with a share of 7.71% exports

4. India with a share of 5.73% exports

5. Malaysia with a share of 5.18% exports

6. Singapore with a share of 5.02% exports

7. Korea with a share of 3.87% exports

8. Philippines with a share of 3.71% exports

9. Thailand with a share of 3.06% exports

10. Taiwan with a share of 2.6% exports

All about Indonesia Imports

The country imported USD 196,190 million from 221 countries. The country is the 29th importer in the whole world.

The top imports of Indonesia in 2021 are

1. Mineral fuels, mineral oils, and products (14.7% imports)

2. Nuclear reactors, boilers, machinery and mechanical appliances (13.1% imports)

3. Electrical machinery and equipment (11.3% imports)

4. Iron and Steel (6.09% imports)

5. Plastic and articles (5.19% imports)

6. Organic Chemicals (3.71% imports)

7. Vehicles other than railway or tramway (3.41% imports)

8. Pharmaceuticals products (2.22% imports)

9. Cereals (2.07% imports)

10. Residues (2.01% imports)

The top import partners of Indonesia in 2021 are

1. China with a share of 28% imports

2. Singapore with a share of 7.87% imports

3. Japan with a share of 7.46% imports

4. USA with a share of 5.76% imports

5. Malaysia with a share of 4.81% imports

6. Korea with a share of 4.8% imports

7. Australia with a share of 4.8% imports

8. Thailand with a share of 4.66% imports

9. India with a share of 3.9% imports

Wrap up

When planning a trade with Indonesia it is imperative to collaborate with the leading import export data provider Company. The leading firm offers updated, real-time and accurate global trade data of Indonesia that helps traders make informed and data-based decisions.

Turkey Customs Import Export Data with Shipment Detail

Comments

Post a Comment

Popular posts from this blog

Import and Export Procedures in Vietnam 2023

Import Procedures in Vietnam: Import License: Some goods require an import license issued by the relevant authorities in Vietnam. Importers should check whether their products fall under this category. Customs Declaration: Importers must complete customs declarations accurately and submit them along with supporting documents to customs authorities. Vietnam Import Data Customs Clearance: Imported goods must undergo customs clearance procedures, which include inspection, assessment of duties and taxes, and compliance verification. Payment of Duties and Taxes: Importers are responsible for paying import duties, taxes, and other applicable fees based on the classification and value of the imported goods. Documentation: Required documents for importation typically include commercial invoices, packing lists, bill of lading or airway bills, import permits or licenses (if applicable), and certificates of origin. Export Procedures in Vietnam: Export Registration: Some products may require ex
Read more

Russia Import Export Statistics 2023

  Russia's trade activities were significant, with both exports and imports playing crucial roles in its economy. Here's a general overview: Exports: Energy Resources: Russia is renowned for its vast energy resources, particularly oil and natural gas. These resources constitute a substantial portion of Russia's export revenue. Russia Export Data Minerals and Metals: Russia also exports various minerals and metals, including iron ore, coal, aluminum, and copper. Arms and Military Equipment: The country is a significant exporter of arms and military equipment to various countries around the world. Agricultural Products: Russia exports agricultural commodities such as wheat, barley, and other grains. Imports: Machinery: Russia imports machinery and equipment for industrial purposes, including machinery for manufacturing and infrastructure development. Russia Import Data Consumer Goods: Like many countries, Russia imports various consumer goods such as electronics, clothi
Read more

Importance of Turkey Import Export in Trade Data Business

Are you planning to do trade business with Turkey? If so, it is very important to know the trade dynamics of the country so that you can make informed business decisions. Here comes the need of Turkey Global Import Export Data details on real-time basis for successful international trade expansion. Turkey Import Data is collected of statistical information about each company’s business activities. It is based on the shipping bills, import bills, invoices and other import export documents. The data provides a bird’s eye view of the commodities that are imported or exported in Turkey. The Turkey import and export data contains information about price, HS code, importers’ details, exporters’ details, custom data, shipment data, competitors’ data, product description and quantity. Know the importance of Turkey import export data 1. The authentic and real-time import export data is used to estimate the consumption pattern of Turkey. The businesses can predict the local demand of commoditi
Read more